Economic and social aspects of three generations’ well-being. Czech study

Abstract

The subject of the research is the issue of understanding the values of well-being by three generations of age. The surveys were attended by 5,000 respondents. After evaluation using the Analytical Network Process (A.N.P.) method, when the significance of individual sub-criterion was compared, research questions about potential differences in well-being values were answered. Significant differences in view of well-being during the three generations have been identified. For the ‘youth’ group the evaluation of the finance criterion is significantly prevalent, a strong preference for community well-being is defined for the ‘grandparents’ group. For the ‘parents’ group the evaluation of the criteria is balanced. The existence of the U-shape was detected. The results provide further information to compare the understanding of well-being values, which differ not only within the national region, but also internationally. Practical implication lies in stimulating the debate about the need to know well-being, e.g., by employers and state institutions, not only at the local level, because this knowledge and subsequent relevant interventions bring benefits to all interest groups.